August 06, 2015 | Cody Bills | Views: 229
August 06, 2015 | Grain Hedge Insights | Cody Bills | Views: 142

Strong Wheat Sales Lift the Grain

Strong wheat sales helped provide support for the grain, but significant cancellations is putting pressure on soybeans which bumped against the 100 day moving average yesterday.

In the overnight session the grains were mixed with corn up 1/2 cent, soybeans down 6 cents and wheat up 6 1/4 cents this morning. The U.S dollar is higher by only a fraction of a percent and crude oil is down 53 cents this morning. This morning exporters sold 132,000 metric tons of soybeans...

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August 05, 2015 | Grain Hedge Insights | Cody Bills | Views: 184
August 05, 2015 | Grain Hedge Insights | Cody Bills | Views: 139

Soybeans to test 100 day moving average

Soybeans printed a bullish price pattern in the last two trade sessions. Can it break through overhead resistance at the 100 day moving average?

In the overnight session the grains were mixed with corn up 1 cent, soybeans up 9 3/4 cents and wheat down 1/2 a penny. The U.S. dollar is trading a fraction of a percent lower and crude oil is higher by 73 cents. This morning the ADP jobs data showed that 185,000 workers were added to...

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August 04, 2015 | Grain Hedge Insights | Cody Bills | Views: 193
August 04, 2015 | Grain Hedge Insights | Cody Bills | Views: 157

Conditions Improve for Soybeans

The crop conditions report showed soybean ratings improved over last week.

In the overnight session the grains traded higher with corn up 3 1/4 cents, soybeans up 10 1/2 cents and wheat up 3 3/4 cents. The U.S. dollar is down .20 percent this morning with crude oil up 88 cents. Corn and soybeans seemed to find some buying support during yesterday’s session with...

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August 03, 2015 | Grain Hedge Insights | Cody Bills | Views: 155
August 03, 2015 | Grain Hedge Insights | Cody Bills | Views: 152

Soybean Prices Dip Again

Soybean prices fell again on Monday as ideal weather is mostly positive for early august during a critical development period.

In the overnight session the grains traded lower with corn down 5 1/4 cents, soybeans down 8 3/4 cents and wheat down 5 1/4 cents. The U.S. dollar is trading .21 percent higher and crude oil is down nearly a dollar on news that China’s factory activity contracted the most in two years.

 

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July 31, 2015 | Grain Hedge Insights | Cody Bills | Views: 207
July 31, 2015 | Grain Hedge Insights | Cody Bills | Views: 217

Weekly Cash Comments

Cash Commentary for week ending 31 July 2015

Cash grain basis was mixed this week with corn basis up 2 cents a bushel, while soybean basis was off 2 cents a bushel.

 

In corn, basis levels were mostly firmer in Iowa and Nebraska as ethanol plants have bid higher in an interest to get more farmer grain after the recent sell off. In...

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